Sec Form 4 Filing - International Value Advisers, LLC @ DEVRY EDUCATION GROUP INC. - 2016-10-13

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
International Value Advisers, LLC
2. Issuer Name and Ticker or Trading Symbol
DEVRY EDUCATION GROUP INC. [ DV]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
717 FIFTH AVENUE, 10TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
10/13/2016
(Street)
NEW YORK, NY10022
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 10/13/2016 S 168 D $ 23.52 69,532 I See Footnote ( 1 )
Common Stock 10/13/2016 S 4 D $ 23.52 1,507 I See Footnote ( 2 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Report ing Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
International Value Advisers, LLC
717 FIFTH AVENUE
10TH FLOOR
NEW YORK, NY10022
X
DE VAULX CHARLES
717 FIFTH AVENUE, 10TH FLOOR
NEW YORK, NY10022
X
DE LARDEMELLE CHARLES
717 FIFTH AVENUE, 10TH FLOOR
NEW YORK, NY10022
X
Signatures
Michael W. Malafronte, Managing Partner of International Value Advisers, LLC 10/17/2016
Signature of Reporting Person Date
Charles de Vaulx 10/17/2016
Signature of Reporting Person Date
Charles de Lardemelle 10/17/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Charles de Vaulx, as the Chief Investment Officer, Portfolio Manager and a managing member of International Value Advisers, LLC ("IVA"), has a pecuniary interest in his proportionate interest in the Shares of the Issuer held by the IVA Global Master Fund, L.P. (the "Partnership").
( 2 )Charles de Lardemelle, as the Portfolio Manager and a managing member of IVA, has a pecuniary interest in his proportionate interest in the Shares of the Issuer held by the Partnership.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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